International Assets Investment Management Boosts Stake in JD.com

International Assets Investment Management LLC has significantly increased its ownership in JD.com, Inc. (NASDAQ:JD), with a 348.8% rise in shares during the fourth quarter. This was revealed in their latest Form 13F filing with the Securities and Exchange Commission. The firm now holds 31,346 shares in the e-commerce giant following an acquisition of an additional 24,361 shares in the quarter, valuing their stake at approximately $906,000.

Other Hedge Funds Increasing Stakes

Furthermore, numerous hedge funds have adjusted their shareholdings in JD.com. TD Asset Management Inc. increased its shares by 23.7% in the third quarter, while Sumitomo Mitsui Trust Holdings Inc. bolstered their position by 11.4%. Investments have also been upped by CIBC Asset Management Inc. by 18.6%, Daiwa Securities Group Inc. by 28.3%, and M&T Bank Corp by a remarkable 808.0%. Overall, institutional investors own 15.98% of JD.com.

JD.com Stock Performance

The stock of JD.com opened at $34.27. The company shows healthy financial ratios with a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. It also maintains a 50 day moving average of $28.36 and a two-hundred day moving average of $26.40. Current market capitalization stands at $54.05 billion, with stock prices ranging from a 52-week low of $20.82 to a high of $41.95.

JD.com Financials and Dividends

JD.com's latest quarterly earnings beat expectations, posting an earnings per share (EPS) of $5.30, compared to the consensus estimate of $0.56. The company experienced a revenue of $306.08 billion, a slight increase from the same quarter in the previous year. JD.com also recently paid out an annual dividend, yielding 2.99% with a dividend payout ratio (DPR) of 34.74%.

Analyst Views

JD.com has received varied analyst ratings, with several maintaining a 'hold' status and others issuing a 'buy' rating. Price targets and ratings have been provided by firms such as JPMorgan Chase & Co., Goldman Sachs Group, Nomura, HSBC, and Morgan Stanley, resulting in an average rating of 'Moderate Buy' and an average price target of $36.33.

About JD.com

JD.com, headquartered in the People's Republic of China, serves as a technology and service provider with a vast supply chain. Offering a wide array of products from electronics to fresh produce and pharmaceuticals, the company has established itself as a prominent player in the e-commerce sector.

Investment, E-commerce, Shares